budget
DefinitionAn itemized forecast of an individual's or company's income and expenses expected for some period in the future. With a budget, an individual is able to carefully look at how much money they are taking in during a given period, and figure out the best way to divide it among a variety of categories. When making a personal budget, an individual will typically designate the appropriate amount of money to fixed expenses such as rent, car payments, or utility bills, and then make an educated estimation for how much money they will spend in other categories, such as groceries, clothing, or entertainment. By keeping track of where one's money goes, one may be less likely to overspend, and more likely to meet their financial goals.
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budget is ...
... part of the Accounting subject.
... part of the Accounting subject.
... an essential investing term.
Related Terms
fixed budget, flexible budget, money management, on budget, zero-base budgeting, balanced budget, budget surplus, fiscal year, investment club, federal budget
budget appears in these other terms
budget deficit, capital budgeting
budget appears in the definitions of these other terms on BusinessDictionary.com
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